Bankers Systems and Zoot Enterprises Team Up to Deliver Efficiency in Loan Origination

Apr 26, 2001, 01:00 ET from Bankers Systems, Inc.

    ST. CLOUD, Minn., April 26 /PRNewswire/ -- Bankers Systems, Inc. and Zoot
 Enterprises, Inc. announced today that they will work together to provide a
 complete loan origination solution that delivers greater convenience and
 options to a broader marketplace.
     The partnership gives financial institutions of all sizes the best of two
 worlds:  access to Zoot's advanced loan origination and credit decisioning
 systems, and lending documentation from Bankers Systems' Expere(TM) compliance
 knowledge base.  All of this is achieved without leaving Zoot's application
 service provider (ASP) environment or requiring custom interface programming.
 The new solution will help financial institutions reach new markets faster, be
 more productive, and cut costs which are normally associated with setting up
 their systems.
     The nation's largest banks use Zoot's systems, but with the addition of
 Bankers Systems' documents, Zoot is expected to increase its appeal to
 mid-size banks that want a more complete solution.  And, Bankers Systems'
 customers now can expand the scope of their existing software to include
 Zoot's flexible credit decisioning and loan origination solutions.
     Bankers Systems is well known for its extensive lines of lending and
 deposit documents that support federal- and state-related laws for all
 50 states and the District of Columbia.  The documents are a highly effective
 and efficient choice for banks operating in multiple jurisdictions, and they
 are an excellent fit with Zoot's loan origination products and markets.
     By partnering Bankers Systems and Zoot, the result is greater efficiencies
 for banks -- both in cost savings and time.  Credit decisioning can be
 completed in just seconds.  If the application is approved, the data moves
 into Zoot's loan origination system to acquire title, flood insurance, an
 appraisal, or any other information that might be required.  Once the
 application is completed, the required loan documentation is produced using
 Bankers Systems' documents.
     "Bankers Systems' lending documents complete our browser-based loan
 origination system," said Tom Johnson, Vice President of Product Development
 at Zoot Enterprises.  "While Zoot has offered loan origination functionality
 for some time, this is the final piece we needed to offer our system as a
 turnkey solution.  Customers now have the ability to process credit
 applications -- from the original consumer contact through the booked loan --
 without leaving Zoot's ASP environment."
     "The strength of the Expere knowledge base is its ability to provide the
 flexible compliance solutions that a customer needs, in a format that fits the
 way they do business," adds John Schramel, Director of Sales Alliances and
 Business Development at Bankers Systems.  "It's all about increasing their
 efficiency and productivity while we help them manage risk.  We're very
 pleased to work with a strong partner like Zoot to bring this solution to the
 high transaction volume market."
 
     About Zoot Enterprises
     Zoot Enterprises is the nation's leader in providing instant credit
 decisioning solutions.  Zoot's flexible ASP environment allows connectivity to
 all of the data sources and services used by financial institutions in
 evaluating consumer and business credit, while providing unparalleled
 performance and reliability.  The ability to produce virtually any custom
 decisioning solution has led to long-term partnerships with seven of the top
 ten banking companies in America.  A series of innovative products has allowed
 Zoot to reduce its customers' time to market from weeks to hours.  Go to
 http://www.zootweb.com or call 406-586-5050 for more information.
 
     About Bankers Systems
     Bankers Systems, Inc., a CCH INCORPORATED company, is a leading national
 provider of compliance resource solutions for financial institutions and their
 legal counsel.  The company's deposit, lending, and retirement plan documents,
 disclosures, software, training, and support services are used by more than
 12,000 financial institutions, including 83 percent of banks in the U.S.  In
 addition, over 60 leading core processors and systems integrators use Bankers
 Systems' compliance-related documents and other components in their solutions.
 For more information, call 800-552-9410 or visit http://www.bankerssystems.com
 
     Bankers Systems Inc. is a registered trademark and Expere is a trademark
 of Bankers Systems, Inc.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X76251975
 
 

SOURCE Bankers Systems, Inc.
    ST. CLOUD, Minn., April 26 /PRNewswire/ -- Bankers Systems, Inc. and Zoot
 Enterprises, Inc. announced today that they will work together to provide a
 complete loan origination solution that delivers greater convenience and
 options to a broader marketplace.
     The partnership gives financial institutions of all sizes the best of two
 worlds:  access to Zoot's advanced loan origination and credit decisioning
 systems, and lending documentation from Bankers Systems' Expere(TM) compliance
 knowledge base.  All of this is achieved without leaving Zoot's application
 service provider (ASP) environment or requiring custom interface programming.
 The new solution will help financial institutions reach new markets faster, be
 more productive, and cut costs which are normally associated with setting up
 their systems.
     The nation's largest banks use Zoot's systems, but with the addition of
 Bankers Systems' documents, Zoot is expected to increase its appeal to
 mid-size banks that want a more complete solution.  And, Bankers Systems'
 customers now can expand the scope of their existing software to include
 Zoot's flexible credit decisioning and loan origination solutions.
     Bankers Systems is well known for its extensive lines of lending and
 deposit documents that support federal- and state-related laws for all
 50 states and the District of Columbia.  The documents are a highly effective
 and efficient choice for banks operating in multiple jurisdictions, and they
 are an excellent fit with Zoot's loan origination products and markets.
     By partnering Bankers Systems and Zoot, the result is greater efficiencies
 for banks -- both in cost savings and time.  Credit decisioning can be
 completed in just seconds.  If the application is approved, the data moves
 into Zoot's loan origination system to acquire title, flood insurance, an
 appraisal, or any other information that might be required.  Once the
 application is completed, the required loan documentation is produced using
 Bankers Systems' documents.
     "Bankers Systems' lending documents complete our browser-based loan
 origination system," said Tom Johnson, Vice President of Product Development
 at Zoot Enterprises.  "While Zoot has offered loan origination functionality
 for some time, this is the final piece we needed to offer our system as a
 turnkey solution.  Customers now have the ability to process credit
 applications -- from the original consumer contact through the booked loan --
 without leaving Zoot's ASP environment."
     "The strength of the Expere knowledge base is its ability to provide the
 flexible compliance solutions that a customer needs, in a format that fits the
 way they do business," adds John Schramel, Director of Sales Alliances and
 Business Development at Bankers Systems.  "It's all about increasing their
 efficiency and productivity while we help them manage risk.  We're very
 pleased to work with a strong partner like Zoot to bring this solution to the
 high transaction volume market."
 
     About Zoot Enterprises
     Zoot Enterprises is the nation's leader in providing instant credit
 decisioning solutions.  Zoot's flexible ASP environment allows connectivity to
 all of the data sources and services used by financial institutions in
 evaluating consumer and business credit, while providing unparalleled
 performance and reliability.  The ability to produce virtually any custom
 decisioning solution has led to long-term partnerships with seven of the top
 ten banking companies in America.  A series of innovative products has allowed
 Zoot to reduce its customers' time to market from weeks to hours.  Go to
 http://www.zootweb.com or call 406-586-5050 for more information.
 
     About Bankers Systems
     Bankers Systems, Inc., a CCH INCORPORATED company, is a leading national
 provider of compliance resource solutions for financial institutions and their
 legal counsel.  The company's deposit, lending, and retirement plan documents,
 disclosures, software, training, and support services are used by more than
 12,000 financial institutions, including 83 percent of banks in the U.S.  In
 addition, over 60 leading core processors and systems integrators use Bankers
 Systems' compliance-related documents and other components in their solutions.
 For more information, call 800-552-9410 or visit http://www.bankerssystems.com
 
     Bankers Systems Inc. is a registered trademark and Expere is a trademark
 of Bankers Systems, Inc.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X76251975
 
 SOURCE  Bankers Systems, Inc.